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Upwork:Quarterly Results/2023 Q2: Difference between revisions
→Numbers, Insights, Strategy
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* Active clients grew 2% y/y to 822,000(MR). | * Active clients grew 2% y/y to 822,000(MR). | ||
* '''Growth in active clients was driven by y/y increase in retained clients, partially offset by flat growth in new clients'''(MR). | * '''Growth in active clients was driven by y/y increase in retained clients, partially offset by flat growth in new clients'''(MR). | ||
* | * Operating expenses declined 4% in Q2 due to cost-saving measures initiated(MR). | ||
* '''Non-GAAP R&D expenses declined 24% y/y while sales and marketing, G&A and transaction losses declined significantly'''(MR). | * '''Non-GAAP R&D expenses declined 24% y/y while sales and marketing, G&A and transaction losses declined significantly'''(MR). | ||
* '''Raised revenue guidance due to the success of its simplified pricing structure and other monetization improvements(MR).''' | * '''Raised revenue guidance due to the success of its simplified pricing structure and other monetization improvements(MR).''' | ||